Peso's Strength Stirs Some Fear
Of a Possible Correction in Mexico

MEXICO CITY, Mexico -- The strength of the Mexican peso is good for consumers and great for the bolsa, but economists fear a season of "irrational exhuberance" may lead to a painful correction.

Mexico's peso closed at 9.27 pesos to the dollar Wednesday, just off Tuesday's close. At current levels, the peso has now appreciated almost 4% since late January, when it reached 9.62 pesos to the dollar.